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I agree that nation-state are still the best tool for collective action, but I also argue, as some Political leaders, that in some nation-states are not able to take control of their people's future. However, these Political leaders maintain the great part of political and distributive powers in the nation-state: they reinforce the link between politics and culture even if this not fit anymore with the economic conditions.

I stress that we need to think of new criteria to shape the state. The new criteria must depend on economic conditions and not on the idea of nation. It is the only way for empowering the states (by giving them control of their material existence) and, therefore, empowering the people, strengthen democracy and reshape global economy.

Nevertheless, in the mean time, some countries, in which Political leaders plead impotence, need to transfer political powers to regional institutions. In the case of Europe, I argue that European leaders must formulate a political discourse centered in the regional condition of justice in order to overtake both the nationalist rhetoric of the radical right and the undemocratic justification of national economic impotence.

It is certain that nation-state is all that we have for now, but this must start to change immediately in order to strengthen liberalism, democracy and to improve the global economy.

National borders are indeed artificial! Just look at earth from space. Increasingly communities of interest are transnational and are working as environmentalists, human rights activists and crusaders for social and economic justice across borders. The fact that the institutional architecture of this "governance" is still young, in no way obviates it's effectiveness. Ie. Landmines treaty or WCD.

Trust in governments is at an absolute low according to Edelman's trust barometer, a graphic indication that citizens are searching for a new representative model for legitimate policy making.

Domestic regulators were indeed powerless and have confessed as much. It is the FINRAs and FIAS, the think tanks and the industry lobbyists who make policy. The fact that national governments bailed out those who "recklessly endangered" global financial stability in no way redeems them from their irrelevance in averting the crisis. On the contrary, it seems that the transnational networks of private financial institutional actors were and remain more powerful than governments.

Thank you. Excellent commentary: on a subject which doesn't get much press. The proposed architecture of the "global" financial system seems to want to trump most Westphalian or “sovereign nation state” principles.

People demonstrably live in homogeneous groups--because of similar bonds of cultural and political realties.

Additionally, the nation states exist in different stages of social evolution--I'm still not sure what's wrong with that.